127
127
Dec 31, 2012
12/12
by
FBC
tv
eye 127
favorite 0
quote 0
cliff but there is news on hillary clinton? >> doctors have discovered a blood clot stemming from a concussion she sustained several weeks ago they are monitoring the medication they are over the next couple of days. >> i guess she won't be testifying in front of any senate committees. rich, live for us. we'll check in with you at 9:00 p.m. and update you on behind the scene negotiations. we're going to update how asian markets are trading with no deal here in the united states. so until 9:00 p.m. have a great day. you'd you would think that you'd want to havewa assets available within a certain distance of, bt places. but there is no sign anywhere that we would ask any help fromo neighboring countries, anyone else in the vicinity to help us at thattime. have puthese people in this situation ,-com,-com ma they have failed to connect the dots and failed to anticipate what was happening and once th attack began, there was something they could do immediately, but have they responded immediately, might have prented the deatthat occ
cliff but there is news on hillary clinton? >> doctors have discovered a blood clot stemming from a concussion she sustained several weeks ago they are monitoring the medication they are over the next couple of days. >> i guess she won't be testifying in front of any senate committees. rich, live for us. we'll check in with you at 9:00 p.m. and update you on behind the scene negotiations. we're going to update how asian markets are trading with no deal here in the united states. so...
131
131
Dec 31, 2012
12/12
by
FBC
tv
eye 131
favorite 0
quote 0
the big issue today, the fiscal cliff. and you may be asking yourself, why is this so important? what is so cataclysmic about our nation's finances that we need to implement these monster tax increases and make draconian spending cuts. well, if you want to understand the government and its problems, take a look at these numbers. let's start with tax revenue. these are the nation's tax revenues. what you have your is just over 2 trillion in income. that's all it is really. and look at these euros. a very big number. the spending in the federal budget. you will notice to these numbers bigger than that. not good. the deficit, like how much debt or adding. over a trillion. just when you're. federal government running a a tab of a trillion. we talk about this number of the time. let's get this zero's again. a very big number. tough to get your arms around these numbers. when you see it on a piece of paper it's easier. i thought it would be even easier if we thought about one american household. what if each of those numbers translate it into one family. if you ran the household like t
the big issue today, the fiscal cliff. and you may be asking yourself, why is this so important? what is so cataclysmic about our nation's finances that we need to implement these monster tax increases and make draconian spending cuts. well, if you want to understand the government and its problems, take a look at these numbers. let's start with tax revenue. these are the nation's tax revenues. what you have your is just over 2 trillion in income. that's all it is really. and look at these...
170
170
Dec 29, 2012
12/12
by
FBC
tv
eye 170
favorite 0
quote 0
. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell us how this game >> is very sad, but this legislation is what is said. the legislation has the piration of the tax cuts after 10 years. if nothing is done, all tax rates go up. what you see happening allowing some of them to go, all of them to go up, it is a very difficult situation for speaker boehner and the house republicans to be in. i feel very sorry for them. they are caught in a trap. lou: a trap, a conundrum that was perfectly visible. it was transparent where we would be. and the republicans, the republican leadership, the republican national committee. all of the so-called wise men and women of the party did absolutely nothing to prepare for this strategic moment, and they are coming up woefully short. >> that's very true. you knew it happened 10 years ago when there was a provision that this was going to happen. here it is. i think the key for the republicans from my standpoint is to get this over with as quickly as possible. t
. >> suddenly fiscal cliff is looking steeper and closer. noted economist arthur lapert joins us to tell us how this game >> is very sad, but this legislation is what is said. the legislation has the piration of the tax cuts after 10 years. if nothing is done, all tax rates go up. what you see happening allowing some of them to go, all of them to go up, it is a very difficult situation for speaker boehner and the house republicans to be in. i feel very sorry for them. they are...
235
235
Dec 30, 2012
12/12
by
FOXNEWSW
tv
eye 235
favorite 0
quote 0
cliff most of the attention is about taxes going up and that being the so called fiscal cliff but the other side of that cliff is that the massive spending cuts automatic cuts are kicking in at the beginning of next year. largely targeted at the pentagon. and what is interesting is all of this deal making we are talking about on capitol hill would really just focus on unemployment benefits and tax side of the cliff as i mentioned and most of deals it appears would not shut off the so called sequester that would hit the pentagon. on "fox news sunday" senator lindsey graham told chris wallace he got a call from the defense secretary suggesting these cuts are coming. lake a listen. >> i was called by leon panetta at 7:30 during dinner. >> secretary of defense. >> this is the failure of the supercommittee to find $1.2 trillion in cuts. half of the 1.2 falls on defense who already cut. he says if we do this we will shoot the defense department in the head and send out 800,000 layoff notices the beginning of the year. he is worried to death if we don't fix sequestration we will destroy the
cliff most of the attention is about taxes going up and that being the so called fiscal cliff but the other side of that cliff is that the massive spending cuts automatic cuts are kicking in at the beginning of next year. largely targeted at the pentagon. and what is interesting is all of this deal making we are talking about on capitol hill would really just focus on unemployment benefits and tax side of the cliff as i mentioned and most of deals it appears would not shut off the so called...
92
92
Dec 26, 2012
12/12
by
FBC
tv
eye 92
favorite 0
quote 0
my next guest that with the president about the budget cuts that will hit if we go over the fiscal cliff. we are talking about sequestration. burial blakely -- great to see you. >> i think the president has stated very clearly that the cuts will not happen. we have a need for the congress to join him back here and washington and get a deal done. dagen: are you worried that there is so much attention being paid to the automatic tax increases and not dealing with the sequestration that would hit your industry hard? >> you have it exactly right. the slashing cuts in federal programs will begin to affect everyone and affect us immediately. certainly, the defense industry is very worried. the readiness of our troops, the equipment they depend on, the technology that is the united states edged, that is what is really in peril here. we are all worried about that. we are worried about the layoffs that will come in the defense industry. dagen: have any of these cops already started to happen? what have you seen in the activities of these big companies? >> they have already had to start making pla
my next guest that with the president about the budget cuts that will hit if we go over the fiscal cliff. we are talking about sequestration. burial blakely -- great to see you. >> i think the president has stated very clearly that the cuts will not happen. we have a need for the congress to join him back here and washington and get a deal done. dagen: are you worried that there is so much attention being paid to the automatic tax increases and not dealing with the sequestration that...
367
367
Jan 1, 2013
01/13
by
KTVU
tv
eye 367
favorite 0
quote 0
cliff. live in washington, d.c. with what just happened. >> reporter: we are waiting for the vice president to arrive on capitol hill. this is his chance to sell the deal to democrats. there is no vote planned on the floor, though one could come at any time after democrats meet. president obama and leaders say they are close to a deal but it is on a smaller scale. a deal would raise taxes on families making more than $450,000 and extend unemployment benefits. >> we will work on finding smarter ways to cut spending. but let's not let that hold up perecing americans -- protecting americas. >> reporter: here is where they have been struggling, automatic spending cuts to the trillion dollars mark. it would effect the defense department and social programs. >> wee using -- we are using an ax instead of a scalp. >> reporter: even if there is a vote tonight in the senate the house still has toapprove something and they have -- to approve something and they have already gone home. they will be back
cliff. live in washington, d.c. with what just happened. >> reporter: we are waiting for the vice president to arrive on capitol hill. this is his chance to sell the deal to democrats. there is no vote planned on the floor, though one could come at any time after democrats meet. president obama and leaders say they are close to a deal but it is on a smaller scale. a deal would raise taxes on families making more than $450,000 and extend unemployment benefits. >> we will work on...
74
74
Dec 27, 2012
12/12
by
FBC
tv
eye 74
favorite 0
quote 0
timtime to take down the verbal warfare and cut a deal sparing the fallout of the fiscal cliff. gerri: can we get anything with any meaning before the end of the year? >> not get your hopes up on a big deal on the debt. not too many tax increases, some will be in there. avoiding the sequester, the spending cuts, that is the best thing that could happen at this point and i'm pretty optimistic person, i get up every morning thinking good things will happen but this is causing me to drink every night so i did not know if i will get there or not. gerri: you glass half-full kind of guy. i hope your champagne glasses more than half full on new year's. have a good one. while the chances of lawmakers reaching a deal seemed to be slim to none, you'll be glad to know some state lawmakers will% be warned though much more productive. here are some of our favorites. let's start with illinois. starting in 2013 and new law gives motorcyclists be okay to run red lights. leave it or not. after complaints from cyclist who say light sensors don't see the cycles. and the okay for computer-driven ca
timtime to take down the verbal warfare and cut a deal sparing the fallout of the fiscal cliff. gerri: can we get anything with any meaning before the end of the year? >> not get your hopes up on a big deal on the debt. not too many tax increases, some will be in there. avoiding the sequester, the spending cuts, that is the best thing that could happen at this point and i'm pretty optimistic person, i get up every morning thinking good things will happen but this is causing me to drink...
142
142
Dec 26, 2012
12/12
by
FBC
tv
eye 142
favorite 0
quote 0
cliff will cut gdp growth substantially. you think what effect the government spending 7% plus of our gdp on debt to bases every year for the last four years, you're talking about north of a trillion dollars economic impact. ashley: you say stay away from equities, what in particular? >> long-term treasuries a deflation hedge. the stability and coupons, emerging market coupons for some holdings in newly emerging market equities. keep in mind i am not saying stay completely away from equities. normal risk exposure. ashley: what about gold, do you like the mining stocks as compared to the gold etf? >> i do like the mining stocks trading at 30-year lows and price relative to gold. if you own some equities, it is preferable in the gold sector. ashley: investment officer joining us by phone this afternoon. thank you so much. the closing bell rings fairly soon here, under six minutes time. can you guess which tech companies are up more than 100% this year? known as the google china poised to take on apple with new technology. we w
cliff will cut gdp growth substantially. you think what effect the government spending 7% plus of our gdp on debt to bases every year for the last four years, you're talking about north of a trillion dollars economic impact. ashley: you say stay away from equities, what in particular? >> long-term treasuries a deflation hedge. the stability and coupons, emerging market coupons for some holdings in newly emerging market equities. keep in mind i am not saying stay completely away from...
180
180
Dec 29, 2012
12/12
by
FOXNEWSW
tv
eye 180
favorite 0
quote 0
to government spending. >> now, you mentioned two years ago shall the spending cuts, the fiscal cliff, it was designed to force washington to deal with the nation's long-term debt problem. and instead, here we are, a final hour, who knows what will happen next and i want to specifically ask you about the lack of progress on those structural issues like entitlement spending because even the plan c isn't touching that. so that means regardless of what happens before january 1st, investors will then be dealing with a certain degree of political risk long-term after the fiscal cliff deadline has passed. so, how will that affect the market on the economy in terms of spending cuts? >> well, my fear is that the compromise will be that we get the tax increases and they postpone the spending cuts and that's the ultimate objective. >> yes he. >> and you know, that is something that the economy will recover from and something will adjust to. remember, about half of the increased taxes on the average individual come from simply the roll off of that fica tax break we received the last two years, s
to government spending. >> now, you mentioned two years ago shall the spending cuts, the fiscal cliff, it was designed to force washington to deal with the nation's long-term debt problem. and instead, here we are, a final hour, who knows what will happen next and i want to specifically ask you about the lack of progress on those structural issues like entitlement spending because even the plan c isn't touching that. so that means regardless of what happens before january 1st, investors...
59
59
Dec 28, 2012
12/12
by
FBC
tv
eye 59
favorite 0
quote 0
. >> we should take social security off the table for the current phy fiscal cliff. >> do not cut social security. tom: many democrats pushing to keep social security off of the table in debt talks, we learn that the program is $48 billion in the hole for 2012, and small business authority barry sloan said that the entitlement programs are what got this country in this mess in the first place. i don't think that people pay attention to that. in the greenspan era they bumped up payroll taxes for excess money going in. about this is first time there are fewer people putting in than taking out. so government has to write a check. >> it is unfortunate, the lockbox was raided. there is nothing wrong with entitlement programs, but it is the growth of those programs that are problematic. with respect to social security, we're all living longer, people need to work a little bit longer, and social security will be there for many generations if we're prudent about it 9. tom: this is the third rail, even president bush could not get social security reform done, don't touch it, is the message in wor
. >> we should take social security off the table for the current phy fiscal cliff. >> do not cut social security. tom: many democrats pushing to keep social security off of the table in debt talks, we learn that the program is $48 billion in the hole for 2012, and small business authority barry sloan said that the entitlement programs are what got this country in this mess in the first place. i don't think that people pay attention to that. in the greenspan era they bumped up...
120
120
Dec 27, 2012
12/12
by
FBC
tv
eye 120
favorite 0
quote 0
can president obama come pack -- back and fix this fiscal cliff? >> no,e's decided he's not going to cut anything, anywhere. it's not a discussion. john boehner put the ball back in his court saying i'll ease up on taxes and he's not willing to cut significant spending. >> thank you very much. >>> fair and balanced. democratic congressman gregory meeks joins me live in the studio. you were feisty on the way in saying you and are going to to getting together on the house floor and sign a deal. no fiscal cliff. >> we have to work it out. it's bad for the country if we don't. i've talked to a number of friends from bothides of the aisle and we are hopeful it gets worked out. >> how can you work itut when the president himself, according to the "wall street journal" said -- speaker boehner came up with $800 billion and he said that doesn't cnt. >> it's clear we see what the problem is. the problem is, as the speaker indicated before we broke, he thought he had votes. so his plan b. the speaker said, and the majority leader said, i have the votes. we we
can president obama come pack -- back and fix this fiscal cliff? >> no,e's decided he's not going to cut anything, anywhere. it's not a discussion. john boehner put the ball back in his court saying i'll ease up on taxes and he's not willing to cut significant spending. >> thank you very much. >>> fair and balanced. democratic congressman gregory meeks joins me live in the studio. you were feisty on the way in saying you and are going to to getting together on the house...
343
343
Dec 31, 2012
12/12
by
WBAL
tv
eye 343
favorite 0
quote 1
the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff. >> president obama blamed republicans. >> they say the biggest priority is making sure they deal with the deficit in a significant way. they are behaving in a way that they're only priority is that the tax breaks for the wealthiest americans are protected. blacks mitch mcconnell is vowing to find out. -- >> mitch mcconnell is vowing to find out. >> can the senate veteran help congress tumble to a deal on the last day? >> if we do go off the fiscal cliff, congress would be more likely to make a deal. members could claim they are cutting taxes. >> thank you. if america does fall off the fiscal cliff on the first of the year, maryland
the spending cuts and tax hikes are expected to take effect. >> the night before the fiscal cliff. the senate gave up until tomorrow. >> there is still time to reach an agreement. >> they dropped the demand to cut social security. >> i am optimistic we can live move legislation and get this averted before tomorrow. >> the taxes will go up on most americans. huge cuts kick in. >> i think it is obvious president obama wants us to go over the fiscal cliff....
221
221
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 221
favorite 0
quote 0
yes, we are all waiting to cue the confetti with hopes for a last-minute deal to avert the fiscal cliff. with sweeping tax hikes and spending cuts set to take effect at midnight, frantic negotiations are ongoing at this hour with the president teasing the prospect of a deal on at least part of the cliff just hours ago. >> it appears that an agreement to prevent this new year's tax hike is within sight, but it's not done. we we're hopeful that congress can get it done, but it's not done. >> so it's not done. in case you missed that, he said it twice, not done. reports of an emerging deal focus on a few key parameters, raising tax rates on couple it's making more than $450,000 a year, increasing the estate tax rate, and extending unemployment benefits for one year. the major sticking point new appears to be sequester spending. while the president said he would prefer a grand bargain, a certain branch of government stood in the way. >> with this congress that was obviously a little too much to hope for. one thing we can count on with respect to this congress is that if there's even one sec
yes, we are all waiting to cue the confetti with hopes for a last-minute deal to avert the fiscal cliff. with sweeping tax hikes and spending cuts set to take effect at midnight, frantic negotiations are ongoing at this hour with the president teasing the prospect of a deal on at least part of the cliff just hours ago. >> it appears that an agreement to prevent this new year's tax hike is within sight, but it's not done. we we're hopeful that congress can get it done, but it's not done....
184
184
Dec 26, 2012
12/12
by
FBC
tv
eye 184
favorite 0
quote 1
tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the dow. 13,100 even. most of the dow components are under pressure. hewlett-packard doing well and bank of america in the financial round. it really is being laid upon by the retailers. i no adam shapiro will add on to that. there is a look at some movers. michael cores down over 6%. tracy: i was in the balls this weekend. lori: crowded theater not like i thought it would be. adam shapiro in the newsroom with the details. i thought it was way busier last year than it was this weekend. >> no. here are some numbers. for the period of october to eight and december 24, sales gr
tracy: a nice and shiny fiscal cliff. president obama cut his vacation short. we are tracking where it is headed next. we are expecting negotiations to continue tomorrow. there is talk now that that may not happen. time to head down to the new york stock exchange with nicole petallides. nicole: merry christmas to everybody. the vix, the fear index, has been to the upside. whether or not washington will solve the worries about the so-called fiscal cliff approaching quickly. here is a look at the...
159
159
tv
eye 159
favorite 0
quote 0
. >> that also has consequences.ee as everyone knows with the looming so-called fiscal cliff discussion, if you cut too muchu you also drive th economy into an abyss so, you know, we'd all like to say we cut spending and live within our means, but it's not as simple as that.ple you can also cut spending too much so that you actually hurtrt the economy you're supposed to help. melissa: so, i agree with whath you are saying, and this is too civil. i got to derail it somehow or else it's no fun; right?in what's the point in doing it. >> bring it on, melis,ring it on. do lissa: there's many times in the past where we've loweredn mortgagal rates and increased revenue.es if i were to conceive it's a revenue problem, it -- which i'm not going to, but for the sake of argument, under for kennedy, reduced the top re from 90% to 70%, in and in that time, revenue into the treasury went up from $94 billion to $15n billion by lowering the marginal rate. right there, there's your guy. look at him. >> you kno we can look at that, but, remember, that was i the 1960s #. the problems we have today are a t
. >> that also has consequences.ee as everyone knows with the looming so-called fiscal cliff discussion, if you cut too muchu you also drive th economy into an abyss so, you know, we'd all like to say we cut spending and live within our means, but it's not as simple as that.ple you can also cut spending too much so that you actually hurtrt the economy you're supposed to help. melissa: so, i agree with whath you are saying, and this is too civil. i got to derail it somehow or else it's no...
323
323
Dec 26, 2012
12/12
by
CNBC
tv
eye 323
favorite 0
quote 0
president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide exchange." i'm jackie deangelis along with seema mody. ross and kelly are off for boxing day. they'll be back tomorrow. >> that's right. >>> let's get a brief check on the markets this morning. energy and metals are trading at this hour on the nymex. you see crude oil up .6%. brent crude also up. and take a look t yellow metal, gold. down just fractionally. now u.s. futures will begin trading in about a half-hour. the cme globex has been closed for christmas and will reopen at 6:00 a.m. eastern time. that also goes for treasuries and the foreign exchange market. >>> as for the action in the overseas market, the youu.k. is closed for boxing day as ar
president obama cutting his trip to hawaii short to work a deal that could avoid the fiscal cliff in a few days. we'll break down what's at stake in "your money." >>> if you got fewer presents under the tree, you may be ready. spending numbers are coming in, and they're not pretty. >>> plus, new numbers for apple's ipad mini and more. that's coming up on "worldwide exchange." >>> good morning and welcome to a special edition of "worldwide...
93
93
Dec 27, 2012
12/12
by
FBC
tv
eye 93
favorite 0
quote 0
cutting his vacation in hawaii sure to tackle the fiscal cliff. reports calling the possibility of a deal before the new year "virtually impossible." let's bring in former press secretary to al gore and we also have brad blakeman. they are both joining us from washington, d.c. "the house has already passed legislation to avoid the fiscal cliff, but senate democrats have not." what do you make of that feedback they are having what amounts to a staring contest right now. it is legislation that would keep tax cuts for those making under $250,000 a year. the house does not have any plans to come back before january 1. liz: the house does have a bill that would not hurt small businesses and the job creators in this country. for some reason they seem to be avoiding that very important issue for the u.s. economy. >> what i make of it is, it all goes back to the leadership of the president. the president created this crisis. remember, he was the one who had a bipartisan commission on the debt. they came back with their proposals. two years ago, the presid
cutting his vacation in hawaii sure to tackle the fiscal cliff. reports calling the possibility of a deal before the new year "virtually impossible." let's bring in former press secretary to al gore and we also have brad blakeman. they are both joining us from washington, d.c. "the house has already passed legislation to avoid the fiscal cliff, but senate democrats have not." what do you make of that feedback they are having what amounts to a staring contest right now. it is...
92
92
Dec 26, 2012
12/12
by
FBC
tv
eye 92
favorite 0
quote 0
and president obama is cutting his vacation short to continue talks on the fiscal cliff. joining us now is dan henninger from the wawr wall street journ. does he want to go over the fiscal cliff? some are saying he needs more than he would just get from the rich guys. >> i doubt that he wants to go over the cliff. and i must say, president obama has repeatedly referred to himself as the unique politician, he's different than everyone. there is no politician i know would want to get into a situation like this. and barack obama marchs to his own drummer and it's possible, but i kind of doubt it. >> you wrote a piece in the wall street journal, called "no guardrails", you said the old society kept the politicians in order in washington, self-order and self-restraint. all of those disappeared as a result of the "me" generation and you say that obama is the epitome of a the "me" generation president that he sees things from his perspective and won't bend. >> the original metafor, you do have guardrails on a highway, people drive 75 miles per hour and occasionally someone gets
and president obama is cutting his vacation short to continue talks on the fiscal cliff. joining us now is dan henninger from the wawr wall street journ. does he want to go over the fiscal cliff? some are saying he needs more than he would just get from the rich guys. >> i doubt that he wants to go over the cliff. and i must say, president obama has repeatedly referred to himself as the unique politician, he's different than everyone. there is no politician i know would want to get into a...
80
80
Dec 28, 2012
12/12
by
FBC
tv
eye 80
favorite 0
quote 0
if the fiscal cliff hits. i mean, this is the wrong posture. we don't want people that create jobs, people that decide how many people will be hired in the next year to be having -- to have bad karma now. we want people looking forward in a positive way, how we're going to grow into new markets, how to export more. we need the country to be more competitive so we can export to china, mexico, export to canada. that's critical, growth. if we have growth, we hire more people. dagen: drew, thank you, great to see you. happy new year. >> thank you, go rg iii. dagen: yeah, babe! we'll kick the cowboys you know what into mexico. drew, thank you, be well. end on a positive note. positive newses too for the housing market, recovery on the way. anthony sanders is here saying washington better not screw it up. in a show of arms, iran's military moves and what that means for the price of oil and gasoline here at home. look at how oil is trading today, well above $90 barrel a mark, down just slightly, but close to 91 bucks
if the fiscal cliff hits. i mean, this is the wrong posture. we don't want people that create jobs, people that decide how many people will be hired in the next year to be having -- to have bad karma now. we want people looking forward in a positive way, how we're going to grow into new markets, how to export more. we need the country to be more competitive so we can export to china, mexico, export to canada. that's critical, growth. if we have growth, we hire more people. dagen: drew, thank...
182
182
Dec 30, 2012
12/12
by
WJLA
tv
eye 182
favorite 0
quote 0
cliff of large spending cuts and tax increases. >> find some wo avoid the fiscal cliff, to avoiddoing anything that would contract the economy now. >> does that mean extending the tax cuts? >> the real issue is not whether they should be extended for another few months. the real issue is whether the price the republican house will put on that extension is the permanent extension of the tax cuts. >> grur going to extend the tax cuts you're going to have 3.8 trlion added in ten years to the $16 trillion we already owe. i mean, have a drink. >> we can't keep giving the middle class tax cuts like the president says he wants to do and romney says he wants to do when we got -- when we have a trillion dollar deficit. >> just a few days before the election day and you're analysis of the polls have given the president better than 80%hance of winning re-election? >> the fact that the president leads in the polls in ohio and iowatates where you would need -- he would need to win 207 electoral votes means he's the favorite in the electoral college. >> this is the era of flation. bernanke is writi
cliff of large spending cuts and tax increases. >> find some wo avoid the fiscal cliff, to avoiddoing anything that would contract the economy now. >> does that mean extending the tax cuts? >> the real issue is not whether they should be extended for another few months. the real issue is whether the price the republican house will put on that extension is the permanent extension of the tax cuts. >> grur going to extend the tax cuts you're going to have 3.8 trlion added...
168
168
Dec 31, 2012
12/12
by
FBC
tv
eye 168
favorite 0
quote 0
fiscal cliff talks are stalling. tax hikes and spending cuts. president obama said to speak in about 30 minutes from now. shibani: stocks are holding their ground. waiting for some sort of news out of washington. the dow sitting at session highs. at least we are closing. ashley: it changes with every headline. the world ringing in the new year. new zealand, australia, japan, china, we will get a sneak preview of celebrations being planned as times square gets prepared for 1 million visitors. it is a complete nightmare. [ laughter ] ashley: time now for stocks now as we do every 15 minutes. we are up 51 points. not too bad on this last trading day of the year. >> that is right. the dow has been pretty flat. going back and forth between the red and green. the nasdaq is up 30. same goes for the s&p stock of about nine points. we are also watching a settlement between u.s. regulators and about a dozen banks. sources tell the "new york times" that 14 banks include tank of america, wells fargo and jpmorgan chase. we are taking a look at those stocks.
fiscal cliff talks are stalling. tax hikes and spending cuts. president obama said to speak in about 30 minutes from now. shibani: stocks are holding their ground. waiting for some sort of news out of washington. the dow sitting at session highs. at least we are closing. ashley: it changes with every headline. the world ringing in the new year. new zealand, australia, japan, china, we will get a sneak preview of celebrations being planned as times square gets prepared for 1 million visitors. it...
67
67
Dec 27, 2012
12/12
by
FBC
tv
eye 67
favorite 0
quote 0
if we're going to cut the sizeia and scope of government, perhaps we should go over the fiscal cliff so people understand government spending is out of control and may start to ask the questions being asked at the f round table and kitchen tables ofam every family white christms sales are so low. they're saying how can i make a major purchases in this economye people are cutting back and want government to do the same thing but something else is playing into why you are seeing christmas sales go so low this christmas season. a lot believe if we are going to say happy holidays perhaps those people who say it is any other holiday should support the economy as a result they are not buying the gifts they need to buy. they are talking to their families about a other things tn gifts.e. eric: stay on this a little bit, if we do go over the fiscal cliff, texas will go up. going up for every income level across the board. but down the road, is that the only way we get our fiscal house back in order? >> we're back down to the law, this is only a fe if you shouldy for massive government is unfa
if we're going to cut the sizeia and scope of government, perhaps we should go over the fiscal cliff so people understand government spending is out of control and may start to ask the questions being asked at the f round table and kitchen tables ofam every family white christms sales are so low. they're saying how can i make a major purchases in this economye people are cutting back and want government to do the same thing but something else is playing into why you are seeing christmas sales...
132
132
Dec 31, 2012
12/12
by
FBC
tv
eye 132
favorite 0
quote 0
. ♪ david: folks, we are seven and a half hours, trust me, before we go off that fiscal cliff. is there time for any deal? there may not be time to cut a deal of any kind. rich edson on the very latest of the timing of all of this. >> reporter: there might not be time to get it through the house of representatives tonight, basically saying they're going to have a conference meeting, and then they'll vote on what are known as suspension bills. they're not the fiscal cliff deal. and then they walk off the house floor between 6 and 6:30 p.m. now, this is an acknowledgment that they haven't gotten any type of deal for the senate. the senate is very much the first the act here, so we're still waiting on a deal between the white house and republican leaders. then the senate would vote, and it would go over to the house. this is somewhat of an acknowledgment that there has been no action from the senate yet, and it's not on the calendar tonight, and very likely we are going to go past that midnight deadline without having a deal pass the house and the senate and go to the president's
. ♪ david: folks, we are seven and a half hours, trust me, before we go off that fiscal cliff. is there time for any deal? there may not be time to cut a deal of any kind. rich edson on the very latest of the timing of all of this. >> reporter: there might not be time to get it through the house of representatives tonight, basically saying they're going to have a conference meeting, and then they'll vote on what are known as suspension bills. they're not the fiscal cliff deal. and then...
115
115
Dec 24, 2012
12/12
by
FBC
tv
eye 115
favorite 0
quote 0
cliff. ashley: ira, tell me about today's trade and what you are expecting in the coming week at the cme? >> i think we will go through a quiet time. i am talking the stock indices, it would not surprise me to get a little bit of a bid and a bond in the notes. after the first of the year and after that immediate term fiscal cliff actually kicks in and the taxes go off all people, we will probably get some kind of compromise. the problem is, it does not work in today's environment the way that they think. most of americans realize taxes have to go off in some amount. we have to stop spending money. ashley: ira, what is the best way to play that right now with all of this uncertainty? >> i would probably, if you have enough of a break from a start looking at some call options on the s&p. it could go back maybe towards the 1500 level. i am getting more bullish once they resolve things. then, later in the year, i will not have that bullishness. i think there are better things. more income, less
cliff. ashley: ira, tell me about today's trade and what you are expecting in the coming week at the cme? >> i think we will go through a quiet time. i am talking the stock indices, it would not surprise me to get a little bit of a bid and a bond in the notes. after the first of the year and after that immediate term fiscal cliff actually kicks in and the taxes go off all people, we will probably get some kind of compromise. the problem is, it does not work in today's environment the way...
113
113
Dec 31, 2012
12/12
by
FBC
tv
eye 113
favorite 0
quote 0
now, he has the fiscal cliff. >> he never ran on cutting the deficit. he talks about it, but it has never been a central part of his plan. stuart: how long can we do this for? >> the government gets to kick this can down the road. stuart: please, can we go back to shanghai? i am lightly informed that there is something going on. yes. okay. thank you very much, indeed. the new year has arrived in shanghai. let's just watch it for a second, shall we, david? that is live. if you are an american and you live in shanghai, but you just died, you are in deep trouble because the new estate tax has just goneo
now, he has the fiscal cliff. >> he never ran on cutting the deficit. he talks about it, but it has never been a central part of his plan. stuart: how long can we do this for? >> the government gets to kick this can down the road. stuart: please, can we go back to shanghai? i am lightly informed that there is something going on. yes. okay. thank you very much, indeed. the new year has arrived in shanghai. let's just watch it for a second, shall we, david? that is live. if you are an...
142
142
Dec 28, 2012
12/12
by
FBC
tv
eye 142
favorite 0
quote 0
the white house meeting on the fiscal cliff is less than an hour away. we will tell you which companies will be first to get slammed by automatic spending cuts and tax hikes and still ahead a critical weekend for retailers, analyst christian betts says shoppers have all the power right now. she is here coming up but as we do every day at this time we want to check how oil is moving. she's still the one for you - you know it even after all these years. but your erectiledysfun- you know,that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anyme the moment's right. you can be more confident in your ability to be ready. and the same cialis is t only daily ed tablet approved to treat ed and symptoms of bph, like needingo go frequently or urgently. tell your doctorbout all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. s
the white house meeting on the fiscal cliff is less than an hour away. we will tell you which companies will be first to get slammed by automatic spending cuts and tax hikes and still ahead a critical weekend for retailers, analyst christian betts says shoppers have all the power right now. she is here coming up but as we do every day at this time we want to check how oil is moving. she's still the one for you - you know it even after all these years. but your erectiledysfun- you know,that...
93
93
Dec 30, 2012
12/12
by
FBC
tv
eye 93
favorite 0
quote 0
cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the president's comments. he was very direct. reporter: he was. d now he passes on to the senate. senate majory leader harry reid, senate minority leader mitch mcconnell. they are trying to come up with something that can pass the house and the senate. the president laid out a proposal earlier this evening. at the beginning of this meeting. $250,000 per year. that income would be shielded from tax increases, and now he wants an extension of unemployment insurance. that is something that essentially a nonstarter in a
cliff. he said he is moderately optimistic that a deal could be done by december 31. congressional leaders are working on crafting a bill. certainly no grand bargain here that would improve entitlements. if they can't get a deal, the president has told harry reid to put the white house proposals up for an up or down vote. the details just keep on coming out. with us now are two guests. first, we are going to go rich edson. he is here with the very latest. tell us what you made of the...
80
80
Dec 26, 2012
12/12
by
FBC
tv
eye 80
favorite 0
quote 0
fiscal cliff, americans are coming back buying stuff out of retail stores. >> yeah. shibani: what about concerns cutting back on flights next year? >> fortunately the schedule data in advance shows airlines are getting ahead of the curve cutting proactively, mid-single digits in capacity january and february. if there is demand drop-off the pricing impact should be sort of mitigated because the supply proactively removed. consumers usually book air travel months in advance. what we see on the books in january and february looks great. david: before you go the two worst performers from your perspective, to my eyes were two of the best airlines, southwest and jetblue. what led to their, i don't want to say demise but they're going downhill? >> to be fair, they have had good runs here. the stocks i think are expensive right now. david: i see. >> talked about fee, right? as we all know if you watch nfl football game, southwest doesn't charge you for bagses. their commercials are everywhere. >> i love that about southwest. >> they have 4% roic trailing 12-month basis that
fiscal cliff, americans are coming back buying stuff out of retail stores. >> yeah. shibani: what about concerns cutting back on flights next year? >> fortunately the schedule data in advance shows airlines are getting ahead of the curve cutting proactively, mid-single digits in capacity january and february. if there is demand drop-off the pricing impact should be sort of mitigated because the supply proactively removed. consumers usually book air travel months in advance. what we...
106
106
Dec 31, 2012
12/12
by
WBAL
tv
eye 106
favorite 0
quote 0
if we fall off the fiscal cliff and automatic spending cuts kick in, researchers estimate maryland will lose $117.6 million in federal funding next year, money already in the state budget. economists say to make up for, the state will have to reallocate spending and make cuts. >> and perhaps raise -- raise a threshold for any kind of aid that has federal funds tied to it. it will be a challenge to make ends meet than. the report estimates 53,000 full and part-time jobs will be lost in 2013. that number could be much higher. a huge hit in sales and income tax revenue means the state would lose about $268 million in 2013. and another $635 million in 2014. >> the ability for the state to be the leader in education, small business innovation as well as other things -- the state usually leads in doing so -- these are tied up in those revenues. >> many middle-class families in maryland also end up paying more taxes because of the alternative minimum tax rate. if we go over the fiscal cliff, it will revert to a system not adjusted for inflation. secretary of state hillary clinton remains hospi
if we fall off the fiscal cliff and automatic spending cuts kick in, researchers estimate maryland will lose $117.6 million in federal funding next year, money already in the state budget. economists say to make up for, the state will have to reallocate spending and make cuts. >> and perhaps raise -- raise a threshold for any kind of aid that has federal funds tied to it. it will be a challenge to make ends meet than. the report estimates 53,000 full and part-time jobs will be lost in...
163
163
Dec 24, 2012
12/12
by
FBC
tv
eye 163
favorite 0
quote 0
if we go over the fiscal cliff, he gets a lot more money. it is not just rich people paying out. he will get a lot more money, so he does want that. he will get a cut into military. if anything goes wrong, he can blame republicans for it. >> right. from his standpoint, it is a win-win across the board to go over the cliff, have the automatic sequester cuts, take the tax increases, go back to the clinton era rates and that when the economy reacts, as it most certainly will, negatively, then he will blame the republicans for putting us into a recession. david: let's put a fine point on that. what we are suggesting here, they call it an outrageous suggestion, that the president is willing to send this country into a recession to get what he wants. you are really saying that? >> i think that he is willing to gamble. i believe that the president and his advisors have looked at the history of congress and they know that when we get a major market of bed, large drop in the stock market, any other reaction from the economy, that those members of congress will immediately concede. it is t
if we go over the fiscal cliff, he gets a lot more money. it is not just rich people paying out. he will get a lot more money, so he does want that. he will get a cut into military. if anything goes wrong, he can blame republicans for it. >> right. from his standpoint, it is a win-win across the board to go over the cliff, have the automatic sequester cuts, take the tax increases, go back to the clinton era rates and that when the economy reacts, as it most certainly will, negatively,...
89
89
tv
eye 89
favorite 0
quote 0
the senate to vote within 90 minutes of the deal averting the fiscal cliff figuratively. we will go off the cliff of the nation because taxes will go up on january 1, spending cuts will essentially be ready to go into place january 1 but just the senate passed the deal and sent to the house and they passed it, this can be averted. my colleague rich edson live on capitol hill to explain why although there could be a vote tonight, this is far from a done deal. rich: absolutely. vice president joe biden who has been trying to influence senate democrats, many of them skeptical to support this deal he is negotiate with senate minority leader mitch mcconnell. they want this to be much lower rate is placed on the deal for individuals, $430,000 for married couples. what we're hearing now is the drafting is ongoing, national budget office is taking a look k at this to see exactly how much it is going to cost but as it is known with the impact of the deficit going to be, senator joe lieberman said a short while ago they will try to vote on this thing at some point this evening as w
the senate to vote within 90 minutes of the deal averting the fiscal cliff figuratively. we will go off the cliff of the nation because taxes will go up on january 1, spending cuts will essentially be ready to go into place january 1 but just the senate passed the deal and sent to the house and they passed it, this can be averted. my colleague rich edson live on capitol hill to explain why although there could be a vote tonight, this is far from a done deal. rich: absolutely. vice president joe...
587
587
Dec 24, 2012
12/12
by
FBC
tv
eye 587
favorite 0
quote 0
>> increasingly, i think we will go over the so-called fiscal cliff. short-term will hurt the republicans, undeniably. long-term, it will hurt the democrats and president obama. dennis: i thought all along that the republicans would look horrible. now, i'm wondering if it is switching the other way. a family earning only $20,000 a year will see that their tax refund gets cut in half if we go off the cliff. >> i think you are right. especially since we have not had the follow-through, dennis. what is the reason for all of this? where are we heading? the president, nor the republicans have answered that question. dennis: thank you for being with us. dagen: chicago mayor is renewing a plan to privatize the cities i second biggest airport. jeff: this was the world's busiest airport from 1948 to 1961. now it is just three big airlines that call this home. southwest, frontier and delta. it is still a huge cash generator for the city. he famously had a deal to privatize the city's parking meters and the problem is, they took all the money they had and spent i
>> increasingly, i think we will go over the so-called fiscal cliff. short-term will hurt the republicans, undeniably. long-term, it will hurt the democrats and president obama. dennis: i thought all along that the republicans would look horrible. now, i'm wondering if it is switching the other way. a family earning only $20,000 a year will see that their tax refund gets cut in half if we go off the cliff. >> i think you are right. especially since we have not had the...
240
240
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 240
favorite 0
quote 0
keep in mind the threat of tax hikes going up is only one part of this so-called fiscal cliff everybody has been talking about. what we also have facing us starting tomorrow are aught maddic spending cuts that are scheduled to go into effect. and keep in mind that some of these spending cuts that congress has said will automatically go into effect will have an impact on our defense department and head start. so there are some programs that are scheduled to be cut that we are using an ax instead of a scalpel. it may not always be the smartest cuts. so that's a piece of business that still has to be taken care of. i want to make clear that any agreement we have to deal with these automatic spending cuts set for next month. those have to be balanced. my principle has always been let's do things a balanced responsible way. that means revenues have to be part of the equation in turning overt sequester and automatic spending cuts as well as spending cuts. the same is true for any future deficit agreement. obviously we'll have to do more to reduce our debt and deficit, i'm willing to do more,
keep in mind the threat of tax hikes going up is only one part of this so-called fiscal cliff everybody has been talking about. what we also have facing us starting tomorrow are aught maddic spending cuts that are scheduled to go into effect. and keep in mind that some of these spending cuts that congress has said will automatically go into effect will have an impact on our defense department and head start. so there are some programs that are scheduled to be cut that we are using an ax instead...
135
135
Dec 24, 2012
12/12
by
FBC
tv
eye 135
favorite 0
quote 0
the fiscal cliff fallback plan fails. mr. president of europe. it's your turn to lead. >> the president and congress take action, tax rates will go up on every american taxpayer and devastating defense cuts will go into effect in ten days. how we get their god only knows. lou: chief economist joining us with perspectives on what is next for the markets, the ♪ lou: ten days until the fiscal clef. that's right. still counting. the market sell-off today on no solution and moody's chief economist and bedfrd of adviser and chairman ceo harvey eisen will join us in moments to make all of this rational and understandable. first, and the "moneyline," investors expressed disappointment in the republican failure to pass plan be by selling stocks of around the world. certainly adding to the drama today, a day in which four kinds of options expire, and that is expected a quadruple preaching day, plunging on the open, fighting its way back, ending with a loss of 121 points. that sounds lousy, but it is better than it had been. the s&p down just over 13, nas
the fiscal cliff fallback plan fails. mr. president of europe. it's your turn to lead. >> the president and congress take action, tax rates will go up on every american taxpayer and devastating defense cuts will go into effect in ten days. how we get their god only knows. lou: chief economist joining us with perspectives on what is next for the markets, the ♪ lou: ten days until the fiscal clef. that's right. still counting. the market sell-off today on no solution and moody's chief...
143
143
Dec 31, 2012
12/12
by
FBC
tv
eye 143
favorite 0
quote 0
cliff. the last hour of trading, last session of the year. one hour left to trade. president obama says this afternoon the progress is being made, but there is still plenty of work to be done but the stocks right now. very close to session highs, up 137 points. the nasdaq better by 58. the s&p 500 up one and a half points to low 20 points. not bad at all. the market started ticking off a little after noon when investors get worried that the president was going to speak at 130. in a tape that is pretty soon to begin, very few volumes speculated, it will to push the market higher. here you go. the dow had its intraday high of 30 minutes before the president spoke. right now of 131 points. the market moving mostly to the upside. the blue chips, hewlett-packard up above four 1/4%. $14.26 per share, but down about 45% for the year. economy names like caterpillar in the green, up three in the third. a similar story for ge up to one 1/4. so these are widely held stocks that could be in your portfol
cliff. the last hour of trading, last session of the year. one hour left to trade. president obama says this afternoon the progress is being made, but there is still plenty of work to be done but the stocks right now. very close to session highs, up 137 points. the nasdaq better by 58. the s&p 500 up one and a half points to low 20 points. not bad at all. the market started ticking off a little after noon when investors get worried that the president was going to speak at 130. in a tape...
74
74
Dec 28, 2012
12/12
by
FBC
tv
eye 74
favorite 0
quote 0
we go over the fiscal cliff, full scale over that cliff, tax increases and spending cuts. does that for a housing in to reverse? >> i don't think we will see the home price hemorrhageds we saw several years ago but i do think this will create a prolonged bottom. we could see downward pressure on prices. we see tax cuts that will expire as the relief act that are worried about more than the mortgage interest deduction. you see that -- more people walk away from homes rather and short sale, housing is 40% of sales right now. you see more people walk away, more foreclosures, down pressure on prices. we have some worries. stuart: a very straight answer. what happens if we go over the fiscal cliff? yes, it does. not so dramatically. >> i do think robert schiller was right when he said we could see weakness moving forward. stuart: as in case schiller. he is saying watch out. stuart: he is right to say that. let's say we don't go over the cliff but we get a tax increase on the so-called rich, forget spending cuts and ignore the debt. very small scale deal that focuses on taxing t
we go over the fiscal cliff, full scale over that cliff, tax increases and spending cuts. does that for a housing in to reverse? >> i don't think we will see the home price hemorrhageds we saw several years ago but i do think this will create a prolonged bottom. we could see downward pressure on prices. we see tax cuts that will expire as the relief act that are worried about more than the mortgage interest deduction. you see that -- more people walk away from homes rather and short sale,...
255
255
tv
eye 255
favorite 0
quote 0
. >> accept at is voting right now to keep our nation from going over the fiscal cliff in a big way. plan has been agreed upon by the white house and senate republicans. it is all to the avoid tax increases and stop sweeping spending cut cuts. good evening. carolyn johnson has the night off. >> we are now officially over the fiscal cliff because it's past midnight east coast time but on this new year's eve late night work continues in washington to avoid tax hike and budget cut. democrat voting on the deal between the white house and congressional republicans in the senate. karen travers has the latest development from capitol hill. >> don't start popping the champagne just yet but my knowledge step to avoid the fiscal cliff tonight. after days of intense negotiations, the white house and senate republicans reached a deal. tonight vice president biden went up to capitol hill to sell it to senate democrats. >> happy new year. >>reporter: biden swooped in at the 11th hour to hammer out an agreement. that would permanently extend the bush tax cut for individual making under 400,000. hou
. >> accept at is voting right now to keep our nation from going over the fiscal cliff in a big way. plan has been agreed upon by the white house and senate republicans. it is all to the avoid tax increases and stop sweeping spending cut cuts. good evening. carolyn johnson has the night off. >> we are now officially over the fiscal cliff because it's past midnight east coast time but on this new year's eve late night work continues in washington to avoid tax hike and budget cut....
52
52
Dec 26, 2012
12/12
by
FBC
tv
eye 52
favorite 0
quote 0
tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn financial and james freeman, assistant editor of "the wall street journal"'s editorial page. james, i will start with you. does the treasury department's statement literally within the last hour we'll hit the debt ceiling deadline on monday, does that add any kind of motivation they need to get their act together in washington? >> i don't know. i think it might just add a little skepticism. you remember when we went through this at 2011. they had various dates, finally months into it in august they said this is the real deadline. knowing
tonight to work on a fiscal cliff deal. now, if the stakes weren't high enough, the treasury department upped ante just a short time ago. it announced the u.s. will hit the debt ceiling on december 31st that is monday. treasury department is undertaking and this is a quote, extraordinary measures to postpone the country's date with the debt deadline, but will this bring a new sense of urgency and motivate politicians to reach a budget deal. joining us now, lindsey piegza, economist with ftn...